Showing 2 posts by Scott H. Hogan.
A new amendment was recently enacted in Michigan which expands the scope of receivership proceedings, which are a liquidation alternative to bankruptcy. Previously, the receivership statute in Michigan applied only to receiverships over commercial real estate. Now it is applicable to all operating businesses in Michigan, and commercial and industrial loans irrespective of whether real estate collateral is involved. Read More ›
Categories: Alerts and Updates
Michigan House Considers Bills Proposing Adoption of the Uniform Commercial Real Estate Receivership Act
Two proposed bills are working their way through the Michigan Legislature that would significantly impact state law pertaining to commercial real estate receiverships. Read More ›